- Dahabshiil has allied with M-PESA Safaricom-Ethiopia to facilitate remittances for the Ethiopian diaspora
- The alliance would allow Ethiopians living abroad to send money straight to family members’ or friends’ M-PESA mobile wallets
- This agreement would improve remittance, resulting in quicker transactions and increased security
Ethiopia- African money transfer company Dahabshiil has partnered with M-PESA Safaricom-Ethiopia to enable remittances for the Ethiopian diaspora.
The recent agreement signed in Addis Ababa is set to bring significant benefits to Ethiopians living abroad, by allowing them to conveniently send money directly to their family members’ or friends’ M-PESA mobile wallets back in Ethiopia, hence providing a faster and more secure way for Ethiopians abroad to support their loved ones at home.
Subscribe to our YouTube channel for more in- depth industry news
Musse Mohamed, Ethiopia’s representative in Dahabshiil, said: “This relationship enables us to fulfill our aim of providing accessible and dependable financial services by using M-PESA’s growing client base. Together, we’re making it easier and safer for Ethiopians living overseas to help their family at home.”
Join over 10k Partners and investors in Africa in our weekly emailing subscription list
Founded in 1970, Dahabshiil has roots in Somalia and has since expanded its services to serve customers worldwide.
The company’s primary focus is on facilitating money transfers to and from other countries, with a significant emphasis on helping the African diaspora and communities across the continent.
Follow us on our new X page and stay updated with more investment and deals happening in Africa
Anthony Kangethe, acting chief digital financial services officer for M-PESA Safaricom, stated that the new relationship will provide Ethiopians with a secure and convenient means to transfer and receive money.
He said: “We share a vision of promoting financial inclusion and driving economic development. This new service will give Ethiopians a secure and convenient means to send and receive money, empowering individuals and families.”
Also read : Emerson Partners with MSTelcom to Provide Advanced Industrial Automation in Angola
Emerson Partners with MSTelcom to Provide Advanced Industrial Automation in Angola
Subscribe to our weekly newsletter and get industry reports and deals happening in Africa